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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ASI Ascending triangle pattern

ASI Ascending triangle pattern

5 posters

Go down  Message [Page 1 of 1]

1ASI Ascending triangle pattern Empty ASI Ascending triangle pattern Sun Jul 07, 2013 1:27 pm

nkuda


Manager - Equity Analytics
Manager - Equity Analytics

We can see Ascending triangle pattern is formed ASI and Month of may it had a breakout (6000). Now ASI   pull backed to the breakout point. Like to know chart readers ideas about this.

ASI Ascending triangle pattern Aspi10

2ASI Ascending triangle pattern Empty Re: ASI Ascending triangle pattern Sun Jul 07, 2013 2:05 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

nkuda wrote:We can see Ascending triangle pattern is formed ASI and Month of may it had a breakout (6000). Now ASI   pull backed to the breakout point. Like to know chart readers ideas about this.

ASI Ascending triangle pattern Aspi10

Wink good point....
there are lot of reasons to agree with you.....
i too think a turning point is almost near... in number wise....
but in time wise .... it is in a little doubt...
it may take few more weeks... thats my guess....!!!

but i think not more than 21days ..... as i feel.... no theories....!!!
GL to all!

3ASI Ascending triangle pattern Empty Re: ASI Ascending triangle pattern Mon Jul 08, 2013 8:24 am

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

Why it cannot happen in the current week? Market is at attractive levels to improve buying.

4ASI Ascending triangle pattern Empty Re: ASI Ascending triangle pattern Mon Jul 08, 2013 10:06 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

The above pattern will continue

No economic reason for a downward trend

But if UNP get more votes in cumming elections we can
expect rapid upward trend due to improvement of investor expectation

September effect also will contribute

5ASI Ascending triangle pattern Empty Re: ASI Ascending triangle pattern Mon Jul 08, 2013 11:03 am

K.Haputantri

K.Haputantri
Co-Admin

Good observation, nkuda. Even chinvi had mentioned a similar opinion in a separate post.
http://forum.srilankaequity.com/t29674-future-at-cse#174959

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